The IIM Bangalore Alumni Association today announced the winners of the Distinguished Alumni Awards 2012. The Distinguished Alumni Award (DAA) is given every year to select alumni of IIMB who have excelled in industry or academia and also contributed to the society.

Each recipient of the DAA receives a citation and his/her name is engraved on the wall of honour in the Institute.

The Distinguished Alumni awardees for 2012 are Shashi Sinha, PGP Class of 1981 and Rajiv Maliwal, PGP Class of 1985.

'It gives us great pride to present the Distinguished Alumni Awards each year. Each one of our recipients makes us feel proud of the continuing legacy of IIMB. The winners of this year are exceptional achievers, influential leaders and great human beings', said Rakesh Godhwani, Head of IIM Bangalore Alumni Association and alumnus of the PGSEM Class of 2004.

The awards will be presented at a ceremony to be held on the occasion of the 39th Foundation Day of IIMB on October 29, 2012. Brief profiles of the DAA 2012 awardees are given below.

Shashi Sinha PGP 81: Shashi Sinha, CEO of Lodestar Universal India, is a veteran in the media management and development industry. His career, spanning over 31 years, began with Parle Beverages as Product Manager. In the early 90's Shashi set up Lodestar, India's first specialized Media Planning and Buying outfit. He led the setting up of India's first media research and tools development cell at Lodestar. He is actively involved and drives key industry bodies such as the Advertising Standards Council of India, AAAIs Indian Broadcasting Federation joint body on industry practices, Audit Bureau of Circulation and the Joint Industry Body set up to monitor TV measurement. Shashi is an engineering graduate from IIT Kanpur.

Rajiv Maliwal PGP 85: Rajiv Maliwal is the Founder and Managing Partner of Sabre Partners India, a company that has substantially changed the landscape of the Indian banking sector. He led the creation of the biggest banking start-up that came to be known as the Centurion Bank of Punjab; the subsequent sale of which to HDFC Bank is now considered one of Asia's landmark private equity deals. Prior to 2002, he was the Global Head of Private Equity at Standard Chartered PLC and has also worked with JP Morgan, Goldman Sachs and Citibank. He is actively involved with both academia and philanthropy.